• D. Brit

US Inflation Increased 7% Last Year - The Highest Since 1982


What Happened:

  • According to the US Labor Department, US inflation increased at its highest rate in nearly 40 years last month, with a 7% jump from a year earlier.

  • Prices have risen for food, furniture, gas and other household expenses. If food and gas prices are excluded, the "core prices" increased 0.6% from November to December and 5.5% year-to-year.

  • Surging prices have eliminated wage increases that many workers have received making it more difficult for some families to afford basic expenses.

  • The FED has stated that inflation is a "severe threat" to the economy and that they will need to increase rates to try and curb inflation.


Photo Source: Wix media


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